All Forum Posts by: Julie Toh

Hello Karsten, welcome to BP.   At the risk of repeating the same feedback from @Account Closed, I too believe that to build a second residence on your land is to add value to your property. When the time comes to offload the property, market it to the right target segment and consider positioning it as a "guest house", doesn't it sound more posh ;-) than a granny flat? Thanks for posting your question. 

@Taylor Hunter A rebuilt credit history is not a hard stop, usually the lender likes to have a close look at the client's financial profile to make a decision. DM for another suggestion.

@Taylor Hunter Curious to know which B lenders you approached. 

@Aria Sheikhtaheri Welcome to BP. There are tons of resources on BP for both the newbie and seasoned REI from podcasts to webinars. Being in "extreme learning mode" is a good start but I leave you with something my friend once said that also applies to REI, "inspiration is good but inspiration combined with action is so much better."

@Jefferson Mondragon @Cody Shearer Two words: game plan. No matter your age, you need a game plan today if you want to get qualified for a mortgage tomorrow. I was 21 when I pulled the trigger to buy my 1st property and successfully qualified for a mortgage at the best rate. 

@Tyler Lewis If you need another option, DM your contact info and I'll pass it on to my insurance broker to take a look at this. 

@Account Closed Unlike residential lenders, commercial lenders often don’t pay finder’s fees. So there is no other way to compensate a mortgage planner for the value they add in arranging hard-to-place commercial financing. Moreover, commercial deals take a huge amount of time and often never close for various reasons. In many cases, a mortgage planner can do 10 residential mortgages (and be compensated for them) in the time it takes to do one commercial deal.

@Mark Peyton The MLS is not dead but real estate is very much a relationship business, and relationships are still some of the most effective ways to fill your deal pipeline of properties to rehab or hold. Relationships give you access to the people on the outskirts of real estate transactions that you can tap into as great sources of real estate referrals regardless of market condition.

@Lara White I applaud your tactfully worded note to the listing agent, ahem, seller. How could a listing agent not know better? Scratching my head. 

@Mindy Jensen You had me at 'carpeted baseboards' and @Alicia Marks, carpeted bathroom. These stories are side-splittingly funny. More please.